Why SpaceX Stock Just Gained 11%

• SpaceX stock rose 11% after Musk highlighted AI revenue growth. • AI revenue expected to surpass other revenue by September. • Analyst remains cautious due to high AI costs and valuation. SpaceX stock jumped 11% after Elon Musk said AI revenue could exceed the rest of the company's revenue by next month. The rise follows an all-hands meeting recording posted on X. Despite the positive update, the author remains skeptical, citing high AI expenses and ongoing cash burn, and believes the stock is overvalued.